The bull has been rejected from the Upper line of Trend channel and Resistance 1 in H1 chart, and now it want to breakdown the pivot point for gainning bearish confirmation here.
Spoiler:
The bull has been rejected from the Upper line of Trend channel and Resistance 1 in H1 chart, and now it want to breakdown the pivot point for gainning bearish confirmation here.
Spoiler:
FROM ZERO TO HERO
IF YOU THINK YOU CAN, YOU CAN
Now on cad can make a good deal for the purchase, the couple went to the strong horizontal support of 0150 which have several times seen the northern lights out, stop (and a possible coup to sell below 0140), Profit - a local maximum of 0200.
Short trend for the pair: UP
expected targets for the day: 1.0220 - 1.0240
This scenario remains valid to continue the pair remains above the level of support: 1.0150
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Pair-hour schedule shows a very good trend in the north, now we see that there is a very good rebound from the support level 1.0150, and I think that that is a reason to buy with the hope that the pair will continue the trend with the objectives of 1.0260 ..
bullish power which is giving from stochastic hidden bullish divergence at engulfing bullish at point level 1.0155 are becoming strongly power for uptrend then make this pair is increasing moer than 60 pips from this point and now is still trying to make new high level above previous high
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Never give up, never, never, never (Churchill)
The pair worked perfectly yesterday repulsed a buy signal on the support of a pair of 0150 the growth rate is not even kept his 0220 breakthrough that opened the way to the 0300 figure, now shows a pair of aggressive growth, on pullbacks I will only add purchase.
The bullish trend is still looking good and valid on H1 chart, also this pair retraced there. So, i think this is good time for buying project again.
Spoiler:
FROM ZERO TO HERO
IF YOU THINK YOU CAN, YOU CAN
The Currency pair of USDCAD on H1 time frame is bullish, confirmed by price above 1.0159 and ABove MA200 is for long area.
Today SNR for USDCAD :
R3 : 1.0274
R2 : 1.0240
R1 : 1.0216
PV : 1.0182
S1 : 1.0158
S2 : 1.0124
S3 : 1.0100
MA(200) 1.0120
Ressistant was broke, maybe need correction for next move